Directors and Officers insurance specifically provides insurance coverage for a “wrongful act,” such as an actual or alleged error, omission, misleading statement, neglect or breach of duty. For example, A manufacturer told one of its suppliers to increase inventory because they were expecting a large increase in production. As predicted, demand for the manufacturer’s product […]
What does a standard D&O policy have? A standard D&O policy has three insuring agreements, often referred to as sides A, B and C. These D&O insuring agreements specify the degree of coverage provided by a D&O policy and summarize the promise by the insurer to defend & indemnify the policyholder from losses incurred from […]
One of the main parts of a solid safety program is to promote better communication between employees and management. We believe safety committees are one of the most cost effective, high yielding solutions for safety challenged organizations. Hopefully we can make a case for your organization to start one even if educations hasn’t yet become […]
Being prepared with the right home health care insurance will help you develop a strong system in your company. It’s important to have a tight process so everything is clear and understood. When opening your own home healthcare agency there are many opportunities for risk. As an employer, you take on the extra risk of […]
Terms You Should Know When Building A Workers Compensation Cost Containment Program There is a wide variety of workers compensation insurance terms anyone should be familiar with. Here are a few basic workers compensation claims terms to help you manage your workers compensation cost containment program. Average Daily Wage (ADW) Average daily earnings of an […]
Here are some basics as it relates to first responder drivers. Although we know much of this instinctually. Formalizing some basic risk management techniques for those who drive an ambulance or ambulette can help low your insurance costs. Further keeping these basics top of mind for your employees who operate the vehicle help keep them focused. […]
What is a return to work evaluation form? Employers can provide their employees a return to work evaluation form to give to their physician when the employee suffers a work-related injury. The form can facilitate communication between the treating physician and employer as to the employee’s status and capabilities. Many employers miss this step. We encourage […]
Virtually every business with employees is required to have workers compensation insurance, as this is mandated by state law contingent on where your company operates it’s business. It can be difficult to know what workers comp class codes for adult day care business should be used when first applying for a workers compensation policy. These are the […]